The

class
is
BUS
434
Compensation
&
Benefits
>
>
>
Final
Paper
>
> Attracting and retaining the most talented employees is essential for long-term organizational success.
An important component to attracting and retaining such employees is the design and implementation
of
an
effective
compensation
and
benefit
system.
>
> Assume the role of a highly regarded human resource consultant hired to review, analyze, and revise
the compensation and benefit system utilized by your citys largest employer, Holland Enterprises. The
firm employs 3,500 employees, but since 2007 has lost 25% of its staff. Exit interviews indicate the
primary reason a majority of these employees have resigned is because of a compensation and benefit
system that is perceived to be unfair and uncompetitive in the marketplace.
> Present to the management a revised compensation and benefit strategy. Your proposal should
include
a
discussion
of:
>
> How an effective compensation and benefit system contributes to organizational effectiveness.
> The principle components of your revised compensation and benefit system for a large-scale
organization
as
well
as
a
recommendation
for
each
component.
> A convincing argument to the already skeptical top managers of this organization to increase their
compensation
and
benefit
expenses.
> At a minimum, your compensation and benefit system would include the following components:
>
Compensation
and
benefit
philosophy
>
Pay
structure
architecture
(pay
grades,
pay
ranges,
and
pay
width)
>
Ratio
of
base
pay
to
incentive
(bonus)
pay
>
Emphases
on
external
equity
or
internal
equity
> Principle type of benefits to include (example: deferred compensation match, health insurance,
vacation
and
sick
leave,
etc.)
>
>
>
Guidelines
for
Writing
the
Final
Paper
> Must include an introductory paragraph with a succinct thesis statement.
> Must conclude with a restatement of the thesis and a conclusion paragraph.
>
Must
utilize
a
minimum
of
four
scholarly
references.
>
Statutory registers
The Companies Act, 1956 lays down that every company incorporated under this Act must maintain and
keep at its registered office certain books, registers and copies of certain returns, documents etc. and to
give certain notices, file certain returns, forms, reports, documents etc. with the Registrar of Companies
within certain specified time limits and with the prescribed filing fees. These books are known as Statutory
Books. Some of the statutory registers are required to be kept open by the company for inspection by
directors, members, creditors of the company and by other persons. The company is also required to
allow extracts to be taken from certain documents, registers, returns etc. and furnish copies of certain
documents on demand by a member or by any other person on payment of specified fees.

Every company incorporated under the Act is required to keep at its registered office, inter alia, the
following books and registers
1. Register of investments in securities not held in companys name. [Section 49(7)]
2. Register of deposits. [Section 58A and the Companies (Acceptance of Deposits) Rules, 1975 and
the RBI Non Banking Financial Companies Directions]
3. Register of securities bought back. (Section 77A)
4. Register of charges. (Section 143)
5. Register and index of members. [Sections 150, 151 and the Companies (Issue of Share Capital
with Differential Voting Rights) Rules, 2001]
6. Register and index of debenture holders. (Section 152)
7. Register and index of beneficial owners. (Section 152A)
8. Foreign register of members and debenture holders and their duplicates. [Section 157(1) and
158(4)]
9. Annual Return (Section 163)
10. Books containing minutes of general meeting and of Board and of committees of Directors.
[Section 193(1)]
11. Register of Postal Ballot [Section 192A and the Companies (Passing of the resolutions by postal
ballot) Rules, 2001]
12. Books of accounts. [Section 209(1)(a) to (c)]
13. Cost account records for Companies engaged in industries so specified by Central Government
[Section 209(1)(d)]
14. Register of contracts with companies/firms in which directors are interested. [Section 301(5)]
15. Register of Directors/Managing Directors/Managers/Whole-time Directors/ Secretary. (Section
303)
16. Register of directors shareholdings. (Section 307)
17. Register of loans or investments made, guarantees given and security provided to other body
corporate. (Section 372A)
18. Register of Renewed and Duplicate Share Certificates. [Rule 7 of the Companies (Issue of Share
Certificate) Rules, 1960]
19. Register of records and documents destroyed [Section 163 and the Companies (Preservation and
Disposal of Records) Rules, 1966]
20. Register of sweat equity shares [Section 79A and the Unlisted Companies (Issue of Sweat Equity
Shares) Rules, 2003]
21. Dividend Register